$MAGMA 5 minutes down 3.51%, current price 0.4801. Two possible scenarios ahead:
① Stabilizes and reclaims the breakout level → this drop looks more like a shakeout
② Rebound lacks strength and breaks below the 24h low of 0.3057 → the downtrend may continue
Personally, I’d wait for a stronger stabilization signal before drawing a conclusion. Where is your own tipping point?
① Stabilizes and reclaims the breakout level → this drop looks more like a shakeout
② Rebound lacks strength and breaks below the 24h low of 0.3057 → the downtrend may continue
Personally, I’d wait for a stronger stabilization signal before drawing a conclusion. Where is your own tipping point?